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place to invest. >> a lot of cross border deals. is the environment todayl emplo russia is still a good place to invest. >> a lot of cross border deals. is the environment todayemploye russia is still a good place to invest. >> a lot of cross border deals. is the environment todaymployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayployee a is still a good place to invest. >> a lot of cross border deals. is the environment todayloyee i is still a good place to invest. >> a lot of cross border deals. is the environment todayoyee i is still a good place to invest. >> a lot of cross border deals. is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms g
to the regional community. nor is there in evanish to the environment. >> with some reports suggesting the great barrier reef is in danger, the australian government is making marine conservation a high agenda priority. creating parks in the ocean is one way that it believes that it can keep the pristine environments in tact. >>> there one of the world's best-selling artists. led zeppelin burst on to the music scene and the late 1960's and dominated the charts with their blues-infused it's such as "stairway to heaven." there are about to be honored in the u.s. at the kennedy center for transforming the sound of rock and roll and influencing other artists. led zeppelin split up in 1980. the perform a concert in 2007. what was it like getting back after all those years apart? legendary guitarist jimmy page has been talking to the bbc. >> there was a lot of preparation when we first did the first rehearsal. it was really exciting. everybody was trying to make it work. we needed to play in such a way that we all had confidence with each other. that needed -- that needed playing and getting to know e
and organizeterrorist attack. that's unacceptable in today's environment. >> schieffer: do you have any answers yet as to why-- we know that they had asked to maintain their-- the current level of security and that was turned down. do we have any idea on what that decision was based on? >> no, and we're still getting to the bottom of that. that's one of my primary concerns. and that's certainly what i'm driving. first of all, why there was failure for adequate security at the temporary mission. and secondly, why they didn't assess the security risks posed to that facility? they had abundance of threat reports and incidents, both to that facility and other consulates that would have suggested that they were in a high-threat environment. i sponsored-- i cosponsored the initial legislation-- i was the lead republican in the house-- to create the diplomat security bureau and the accountability review board that also has been initiate so we can get to the bottom of who is responsible. there was minimal security. the barriers weren't sufficient. the attackers, the mob, overran the complex. the militia we
cooperation. many want to throw it against the wall. it's not a conducive environment >> there's a lot of reasons to be concerned. if if you want to fill in texas that community tactfully. you know what, health and innovation now, we are going to need immigration lawyers. america has not come to grips with the risk issue in hell. it's going to take risk, and right now, we live in a risk-averse environment and a government environment that can take risks. in many ways they are afraid they will get criticized in the press or media. neil: they said businesses to risks and we ended up bailing them out, so we are averse to risk and that the ma because every time they do this, we pay for it. >> and health and medicine, we're going to have to take risks and figure out how to create new drugs and create new innovation. neil: synonymous with simona mr. conaway what you're talking about? >> there's there is a difference between the weather and climate. it's raining today, it's not raining tomorrow. the climate is the key. are there problems in healh and medicine? you bet. we need to figure out h
. just very fortunate. it's a great environment. you know, i think we've seen over the past couple of years how passionate our fans are. i'm fortunate to play in san francisco and couldn't be more honored to have my name alongside the previous winners. i tons and tons of credit to our head trainer and the rest of the training staff and the doctors that put me back together and like i say again, i think this is an award that will be shared with everybody within the organization. >> lot of friend and family to support him as well. he finished with 27 of the 32 possible first place votes. ryan brawn finished second and andrew mccutchen was third in voting. not a bad year for bay area baseball. world series crown, the american league manager and today the national league most valuable player is buster posey. it's been quite a year in the bay area. >> it sure has. leesburg, georgia that's where buster was with the entire town behind him it looked like. >>> now to the weather. rain as we've been telling you for days is in the forecast and yes, it's here for the weekend. jeff ranieri is h
in modern life. they're also the key to creating virtual reality. computer simulated environments allow us to experience imaginary scenes or overlay graphics on real world images. even today he continues to focus on the field of visualization. the question of how to see objects that do no exist in the real world. >> i don't know that seeing is essential but it's clear it's a large part of what human beings do, to see and interpret what they see. >> reporter: his realization that to see se to think goes back to his early childhood over 70 years ago. >> how did your parents affect your way of thinking? very much. my mother was really an educator and she told me when i was an infant, we gave me two hard boiled eggs. one of them was warm and the other was co. they looked exactly the same. this was a wonderful experience for a baby because they will very much the same but very different. >> reporter: thanks to his father, an engineer, he became interested in machines at an early age. at 16 he built a robotic mouse that could find its way through a maize. in 1963 at the age of 25, he develod a n
that may be hoarding cash to protect themselves in this uncertain environment but does that mean, likely, they're going to spend that cash or put it to work once we get a resolution of the fiscal cliff? >> it all depends on how it gets resolved. if obama gets his way, and we get big tax increases on small businesses, but also increased double taxation of dividends and capital gains, we'll have a less friendly economic environment for investment to car inside the united states. and that would mean an incentive for companies not to conduct business here. maybe to expand their branchs and their operations overseas. yes, there's the short-term uncertainty in the fiscal cliff that's hurting, but then i actually agree with michael. it's long-term fundamentals that matter. our government is just too much of a burden. >> steve, what's at stake here? >> i want to talk about two scientists from two different fields. one is pav lolov. a dog would salivate when you put food in hem. ed prescott took that idea and said, you know what, when companies spend, they spend after and during recessions when t
to the the 14 guard members he interviewed. his report reads, sexual harassment and a hostile work environment is commonplace. >> you called this a big problem. >> uh-huh. >> shouldn't it be a big priority? >> sure. should always be a big priority when you find these kinds of things. >> do you believe this information embarrasses the national guard? >> yes. >> all day long. >> it substantiates our claim. >> our investigation included interviews with nearly two does dozen members of the california guard all frustrated with the current culture. >> i have a mandate from the governor to change the culture. >> that was major general david baldwin at his formal confirmation hearing pledging to fix deep-rooted problems dating back several years. in a letter major general promised to fix the problems you talked about. >> did he keep his promise? >> no. >> remember to add here to the four principals of my command philosophy. >> through his spokesperson we're told he has a great story to tell but he declined to answer our questions on camera to answer the concerns of members of his guard. wondering why
is bad for america and the environment. in january, president obama blocked the pipeline construction over concerns of how would it would impact the environment. the keystone would call from elberta, canada to texas. however, people are hoping for jobs. >> there are six people recovering in an accident after two helicopters collided on saturday this pasadena police helicopter equipped a second helicopter while one of them was landing. and the other helicopter was taking off. those five people, were taken to the hospital and treated and those injuries are not life-threatening. however, the pilots serious damage. >> the spacecraft has returned to earth this capsule touched down in kazakhstan after 127 days in orbit. the astronauts on board, one was from russia, japan, the u.s. toward they participated in the space walks, and over 40 different scientific experiments. this retirement capsule is that the only way that practice can get to/from the international space station. >> one hostess declared bankruptcy, the sales skyrocketed. and if you find yourself stockpiling you could be in for
slide. what this burlap will do to protect this environment to protect another-a-month sli mud slide when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. .secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. um, since when does a letter from a church mena that a person doesn't have to follow the law? there should be background checks that every festival were a kid are involved. we like to know what you think of the big daddy stories. go to our facebook fan page. our big- stories of the day.... look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to down
action on issues such as jobs, social security, and corruption. >> translator: in the new environment, our party faces many tough challenges. there are numerous pressing problems within the party and senior ranks that need to be resolved, especially corruption and the acceptance of bribes. >> reporter: xi jinping is taking over the position of general secretary from hu jintao. he will lead the political bureau standing committee, china's main decision-making body. the number of seats on the committee has been reduced to seven from nine. analysts say the party made the change to speed up the decision-making process. xi jinping and another top official, li keqiang, have been on the standing committee since 2007. the rest of the members are new. xi introduced them all during his speech. [ applause ] >> li keqiang. comrade zhang dejiang. comrade liu yunshan. comra comrade yu zhengsheng. and comrade zhang gaoli. >> reporter: the majority of officials on the standing committee are allies of former president jiang zemin, who retired from politics nearly a decade ago. they face a number of ch
near my children and i expect a safe environment when i enroll my child in a private school. >> the sheriff's office has the letter typed on church letterhead but a spokesman who not say who signed it. they are still waiting for them to answer their questions. >> we just want to authenticate it and make sure the person who doctored it, who signed it at the bottom does in fact exist and did give him permission to be on the premises of the school church. >> he was convicted of a lewd and lascivious act on a child under the age of 14. we went to his address but no one answered. in a statement they told us he is no longer that volunteer and the letter is not consistent with its policies. in san jose, janine de la janine de la vega, a ktvu channel 2 news. >> that was damaged by fire there. firefighters told ktvu the fire there may have started with a heater. residents in the building woke up at 2:00 in the morning and realized they were in the middle of an emergency. >> fire alarm rang and i just -- i got up and got my clothes on and grabbed my dog and come outside. >> the flames
air strikes. and it has been a problem since this administration helped create the environment in north africa. and in the middle east, with those who want to see israel destroyed could take power. more violence has occurred. not less. more people's lives are in danger, not less. there's less freedom of worship, not more. the things that we believe in, freedom of worship of all people, or no worship if people choose not to worship, those kind of things should be kept. and yet, we are seeing this administration took over afghanistan, more americans die and about half the time under commander-in-chief obama has died in seven years than president bush. american military. over 70% of those killed in afghanistan have been under commander obama and about half the time. we have seen violence escalating against americans in afghanistan. we have seen the last christian church, public christian church pull out of afghanistan. this administration should be encouraging freedom of worship, encouraging the liberation of women, of children. and yet, for all its help, it has created environmen
to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week, spain's flagship carrier said it would cut nearly a quarter of its work force in an effort to remain competitive. sas alone plans to cut more than 1/3 of its 15,000 employees. air france is looking to reduce staff to 45,000 workers. and germany's lufthansa is also in the midst of a painful cost- cutting program. earlier this week, the airline struck a deal with unions to raise cabin crew pay in exchange for no strikes over the christmas holidays. >> coming up, we've got some sports news for you. >> first, some other stories making news around the world. three demonstrators have vented their anger at a german consul. he was heading for a meeting with l
's an embellishment -- accomplishment that's shared with the entire 49ers organization. and it's a great environment. >> he reacted with the usual mod modesty. ryan broadville, with a distant second. posey the first catcher in four decades to win the national league m.v.p. award. >>> cat williams has been released from custody after he was -- he was -- police question williams before releasing him. he was not booked to the jail. the victim was taken to the hospital and released. williams is scheduled to perform tomorrow at the auricle arena. >>> cal state chico suspended all activities for fats fraternities, and so roarities -- overdosed on alcohol. while. earlier this month. the -- the young man died after being taken off of life support. >>> at this hour, parents are meeting in the south bay and demanding answers, as robert honda reports, they want to know while a sex offend were allowed to take part in a recent festival. >> reporter: the cath drail is under fire regarding a sex offend. they want to know why 51-year- old mark gure ys -- no, that's not okay. >> reporter: according to court records
charged three more people over the deep water horizon accident. this from environment and energy news. the justice department charged three workers involved in the deepwater horizon with various criminal violations. dd go down to amarillo, texas, merlin is waiting on the independent line. you're on the "washington journal." caller: i was just wondering how much b.p. has actually made cleaning up the spill? host: not a stat i have for you right now, merlin. i can tell you b.p. was reporting profits in the fourth quarter of 2010 after the spill occurred. profits of about $5.5 billion. the spill occurred in the summer of that year. this according to b.p.'s website. in the third quarter of 2010, b.p.'s profits were about $5 billion. in the fourth quarter of 2011, $7.6 billion in profits. caller: does anybody think that they might have did it on purpose? host: why would you think that, merlin? caller: well, because i heard that the night right before the spill they pulled out their stocks in a lot of, you know, some of the money that they had out there, they pulled out -- host: where are y
a third of their calories during the school day f you clean up the school food environment, it is a really good start. >> reporter: the center for science in the public interest says we need more federal involvement, not less. but critics draw the line at the lunchroom door. >> i think the result will be a lot of wasted food. >> they eat the fries and burger and throw out the vice president tables and fruit. >> reporter: it is the same at schools across the country where what is healthy is trashed. though in fairfax county, the machine use is put to the taste test j nothing going on the menu that hasn't passed a taste party. >> reporter: fairfax too bans judge junk food vending during school. still a report card by cspi gave virginia a d and maryland a d plus. while schools have cracked down, they face a backlash, not just from kids but parents revolting. >> they feel in some ways it is unamerican that their children should be able to make choices they want to make. >> reporter: unamerican for schools to ban what is bad for you. they kenny make kids eat it. sherry ly, fox 5 news. ox 5 new
style of football. tough environment. their fans go crazy for the team. oregon is a great team, their defense played well. we found a way to survive or mistakes in the end and pull it out. >> heather: how much was experience a factor? this is the third time you have gone into overtime this season. >> yeah, we knew what we had to do. we won overtime, lost the other close one. but we just knew get the ball in overtime our defense will make plays and offense, try and get a touchdown always but we trust jordan in the end. >> heather: what was the key for you keeping i don't remember composure when your backs were against the wall? zpr try not to force anything. make a stupid mistake, take what is given to me by the defense and trust in my players around me >> heather: congrats on the big win, kevin. >> brent: some final thoughts? >> kirk: looks like he took good notes from andrew luck last year, what great composure. class act. you talk about notre dame controlling their destiny to get to the championship. the s.e.c. region, alabama and georgia, the winner of that game now also in
a melted puddle. >>> most of us believe recycling is good for the environment but how do we incorporate recycled materials back into the economy? one company just may have the ant and we have -- have the answer and we have their story. >> after the break, the end of an era. hostess shuts down. what are we going to do? . >>> twink can i lovers all a-- twinkie lovers all across america sad tonight because the company that makes them is going out of business. the latest strike crippled them to do their business and today we caught up with some fans who are stocking up. >> reporter: where are you going to put all these? >> i have no idea. we live in a small townhouse. >> reporter: hostess twinkies. >> she must really like them. there is a reason to hope, snack lovers. there's a chance, however small, that another bakery will buy the hoss tess brand -- hostess brand. if you're feeling adventurous, we actually posted the recipe on our website wusa9.com. go ahead, give it a shot. homemade twinkies. >>> a live look outside. topper will be back after the break. right after the break, incorporati
because it's bad for the environment. people are so enraptured how cool it is they can order anything and get it brought to their home that they aren't thinking about the carbon footprint of that, the, but that will change. i'm suggesting this could be paving the way for a carbon tax, a global tax on carbon emissions. wait for it? it could be on the way. the middle east remains on the brink. israel has increased targeted attacks in gaza, going after areas where militants are firing rockets into israel, but palestinians say 50 civilians are killed in the last six days of fighting and israelis tanks and ground troops rehe main on the israeli side of the border and this is having some limited impacts on the price of oil this morning, and oil right now is back to $88 a barrel, it's up 1.83, that's a significant rally there. and meanwhile, president obama is in myanmar, formerly known as burma and stated israel's absolute right to defend itself. coming up in the next hour, lt. colonel ralph peters, we'll ask him about the iron dome missile defense and possibly the most important weapon in
a tight lending environment. for most investors, access to capital is a real problem. >> how far does it -- >> quite difficult. right now as a private investor, you have to guarantee construction loans and you have to put up 35% he equity of any one project. >> and 35% of his $70 million project for perspective, would be a $24.5 million down payment. >> we've been working on this for six years. >> reporter: so back to mayor reed and his lofty goal, a billion dollars recorded in six months. >> i have no doubt that we can. there's probably more than a billion dollars of opportunities. the question is how many can we get done in six months. >> reporter: reed's claim of billion dollars in opportunities checks out after spiing to some developers willing to hint at the financials for their massive pending projects, low enterprisers is developing a tract of land so large it took us more than a minute to drive around. an urban office campus which they said will cost well north of $100 million just for first phase. across the street by the intersection of 101, ellis partners about to build a 7
environment for you to step in as a new editor? >> well, i'm not so sure it's a difficult environmental. i recognize that we're under pressures, i recognize that we have to make choices. i recognize that the amount of resources we have will be dependent upon the revenues that we have. and so that's true at the post as it is at err other news organization like the post. we have to do that. we have no choice. >> in the old days the editor would come in, hire a bunch of hot shots. these days given financial pressure and people questioning whether newspapers have a feature, why would anyone want this post? >> it's "the washington post" and "washington post" has play add defining and distinctive role in politics and policy and worrell affairs and think importantly in its own community. it's a superb staff and for me it's great to be a part of it. >> i worked there for years as you know. everyone says digital is the future. the post website unlike "the boston globe" and others doesn't charge anything. there's no pay wall. does that have to change at some point. >> that's not for me to say. that'
. not the revenue. the revenue is nice if we don't hurt people. the goal is to save the environment and reduce global warming. >>stuart: you think carbon taxes will save the land it? >>guest: yes. we need to reduce the carbon emissions. >>stuart: are you worried about the next big storm because we are putting out too much carbon? >>guest: i am. a lot of people in new york city and tri-state area are still suffering. so i am worried. i am worried, more, for what my children and grandchild will experience in big storms if we don't get behind this and start resolving it. >>stuart: you have a rebate system that stops middle income and poor people from paying it but business would? >>guest: absolutely. the american interprice institute prefer the carbon tax to, for instance --. >>stuart: they prefer nothing. they do not want any tax but if they have to have one they want a straightforward tax. you think we will get it? >>guest: i do. it will be the republicans proposing it. >>stuart: the republicans the propose this? you might be right, the right would prefer a carbon tax to increased taxes on inco
" cramer gave you ideas for keeping your portfolio airborne in this environment. what sky high advice is he about to give right now? jim's mad dash is coming up next and romney for president policy adviser lanhee chen. take a look at futures as we start into the open bouncing off three month lows. "squawk on the street" continues right after this. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> jim and his mad dash talking. this week is a watershed week for nat gas in general. >> cold in new york. 28 degrees. that often can burn off the inventory. clean energy fuels had them on last night. why focus on this? they have a clear growth path to build out stations. lloyd blankfein said in his editorial that key thing for growth in our country is energy. abundant energy. i thought we should look at clean energy that would benefit. markwest, this is a company that has a price above where they d
population control, the environment and they don't have anything in common with us. they get a peak of did a couple people they have out front to be their conservative individuals but if you really start peeling back the leaders of the onion and will make you cry. it's not conservative at all. they've got us fighting on this issue so much that the national conservative authors are claiming that it's one of the conservative principles. we need to use our conservative principles to address our problem and i think that is what has happened to the recent and it's not just about trying to win the election but grow the party and welcome people and we are wanting you to feel like you are at home. many to learn that in their rhetoric that has been displayed and is doing more damage than it is good. >> i should preface my remarks on this by saying i am in complete agreement that conservatives and republicans need to do a better job or some cases a job for the first time to appeal to hispanic voters and other nonwhite voters but we shouldn't kid ourselves about some of the obstacles we need to start
. >> the teals say the department of environment took samples from their house about a year ago. >> they never got back with me with any information. we were left out in the cold. >> and left with that uneasy fuel odor. >> you don't even want to strike a match out here in the summertime because that's how bad the fumes are. it can't be healthy for us. it can't be. >> officials say the contamination has not affected the drinking water because the homes are on public water. as for the land where those homes will be demolished, sources say it will probably turn into a public park if the land is not too hazardous. in the news room, wbal, tv 11 news. >>> a house fire sent two people to the hospital including a firefighter. those are expected to survive. the fire in the 900 block of malverne hill drive was report t around 7 saturday morning. it took the firefighters half an hour to bring it under control. the 67-year-old man was take ton the hospital with serious but nonlife threatening injuries. a firefighter was also take ton the hospital with minor injuries. the cause is still under investigation
. devastating the environment there. tourism costing many people their jobs, as well. cnn's ed lavandera saw the devastation firsthand when he covered the story. ed, as, of course, we wait eric holder's arrival, i'll let you proceed and may have to interrupt you as soon as he is to enter the room. so, what kind of reaction is there from this $4 billion planned settlement? >> reporter: well, i think a lot of people in the gulf coast region trying to figure out what all of this means and the money will be parcelled out. >> all right. sorry about that, ed. you have to hold that thought there. here's u.s. attorney general eric holder. >> i'm honored to join with associate attorney general tony west, assistant attorney general for the criminal division of the justice department lanny brewer, director robert casami of the security and exchange division, john beretta, head of the de deepwater horizon and achieving justice for those whose lives and livelihoods were impacted by the largest environmental disaster in the history of the united states. and to hold accountable -- hold accountable those wh
explosion killed workers and 205 things of oil was entered into the environment. $2.4 billion of the company's funds will be dedicated to environmental reservations. along with the criminal and environmental panel b.p. was also pay half a million dollars to settle claims with ask ec. it >>is approved by the court would have cost b.p. nearly $42 billion. in addition the company officials are facing criminal charges. the peace entered a statement stating that they apologize for their role and that they are trying to get a resolution. they stated that they have accepted responsibility. under the clean water act they also can be facing a $20 million penalty. and this could take three years to sort out. >>in missouri a 20 year-old man is accused of plotting a shooting at a showing of the new twilight mo. he confessed to a plot after he was tipped off by his mother. he started to target wal-mart instead. he stated that if he ran out family will go to wal-mart to get more and more. >>compensation amounts for the victims of the colorado theater shooting has been finalized. the families of the 12 peo
at this stage. there's a little bit of a risk on type environment at the moment. and the ten year bund yield moving a little higher. the same goes for spain, built oig and yield, as well. we were looking at the euro just bouncing a little bit against the dollar. you're heading into this morning's session, we're holding on to those gains, 127 and a bit. the dollar yen coming off by just a tad. president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be seen as a sign of support for myanmar's attempts at democratic reforms rather than endorsement of the country's government. meanwhile his three day trip is also aimed at reinforcing america's ties with the region. analysts say it's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first foreign trip since winning re-election was greeted by some with surprise. after all, there are far bigger economies in asia that warrant his attention. the strategic importance of southeast asia in the region is in full focu
. the fiscal cliff is important for a whole range of issues. it adds to the whole environment of intense uncertainty. you are asking people to make investors of their money or shareholders money at a time when nobody knows what the fiscal system will provide. connell: we talk to people on all sides of this debate. the conservative side represented by monica crowley. talking about the conversation changing from all of this from revenue to something about spending. from the business community's point of view, or you concerned? >> both are important. we need to address the fiscal cliff issue now. not december 301 or january 1. you'll get a lot of negative ahead of that. extend the tax treatment. extend the tax revisions. new found out for a period of time that will allow a real discussion about reform. connell: do you have to have a template in place or is it all right to just extend the current environment? >> i think what has been discussed is to come to some very broad agreement with goals for the relevant committees on the hill. that is good. that gives people a sense of where we are go
% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to hurt corporations. it's not going to hurt profits, but what it is going to do is hurt the individual investor. they should be in equities. when you look at the dividend plays out there, it's crazy not to be. >> boy, when it comes to the markets, michael, you could not have a more different point of view, could you? >> we have about 30% cash. i took out another about 20%. we're about 50% today in cash. i don't think the fiscal cliff is going to happen. i think they're going to punt. i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thin
in a slow growth environment. that isn't a great environment for stocks, is it? >> yeah, i think what this did, or this more conciliatory tone takes some of the tail risk off the table as far as an immediate shock earlier in the year. you're right. there are some significant problems that are going to have to be dealt with. just because you get a compromise doesn't mean you're not going to have a cutback in the deficit. there's a lot of causation. >> you think this market is beginning to transition away from all the liquidity of the quantitative easing. >> no question about it. the market is off not quite 10%. if you look a little deeper there, you see stocks that are off 30, 40%. i do think there's some opportunity there is. >> like which ones? can you name names, mark? >> sure, absolutely. intel. it's a very controversial, contrarian name right now. they've lowered earnings, however, even on those lowered earnings, you're talking about a stock less than nine times -- >> but intel was the best performing dow component this week. >> absolutely. it has a yield of about 4.5%. it has $3
from oozing into the environment in the area. that is the sand walls you're looking at right here. they just switched on the lights. we're looking at dump trucks and 18-wheelers coming in, melissa bringing in this debris. the president did do a flyover when we were here at 11:30 this morning. he did give a shoutout to the sanitation workers, melissa because they're the first-responders that basically removed the debris. the new york parks department gratefully to the area opened this up. if they didn't build this landfill hill, the rebuild would have even been slower, melissa. right in the area, it is heartbreaking. photo albums, toys, bicycles, children's car seats. i picked up photos just around my area. it is a heartbreaking sight for people affect bid this. the story gone unnoticed. the reason why the fires were very bad in breezy point and rockaways, melissa, is because the degree was in the way. sanitation workers got in they helped to stop that problem. i will give it back to you. we'll go live throughout the early evening with updates what is going on here. it is a heck of
behind him. you raise taxes in this environment, this is not a growing environment, you're asking for trouble. you're rolling the dice, and i'm telling you, dividend taxes, you know, this is like insane. in any event, it is what it is. we have got to report. you got to do what you got to do. liz: president clinton did it in boom times -- >> no, he didn't. president clip clinton -- clinton did it in 93. we did not have a surplus until we had the internet bubble in 1996. that is the bottom line. i don't care what anybody says. liz: i missed that surplus, i don't care what anybody says. >> look at the gdp growth after he raised taxes. look at our economy right after -- it did not do very well. liz: charlie gasparino, thank you. your tie now is appropriate now that the segment is over. >> okay. liz: closing bell ringing in 27 minutes. confidence among you the u.s. consumer hitting a five year high this month but with the fiscal cliff looming and employment on the rocks, which retailers will come out on top this holiday season, and should you be buying their stocks? joe feldman tells t
at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
. and that is down 47%. the forecast callscthck for gro, it expects economic environment to remain powerful. zynga losing it's treasurer to become twitter's treasurer and vp of corporate finance. this two days after the cfo left for facebook. half a dozen others have also left. and john mcafee insisting he's innocent he is on the run in the central american country telling "wired" magazine he believes the government in belize is corrupt and will do anything to find him. >> i don't know what the end game is. it's given enough time they will prak me down. very to ee. i have to have supplies. and i'm using a telephone they'll figure out which phone to get it. you know? it's just time. >> he is wanted for questioning in the murder. police say he's a person+:uh of interest. cisco focusing on the cloud announcing it's buying a software company9kub applied materials is forecasting more tough times, world's largest producer of chip making equipment expects revenue to fall. results weren't great either, applying a loss of $15 million, first loss in three years. take a look at the broader markets. another
the funds will restore the environment and the investigation is continuing. but at least one consumer group says it is pathetic and it will not be a deterrent. bp's chief execkive said all of us at -- executive said all of us at bp regret the loss of life. he said the company accepted responsibility for its actions. there are questions about the spike in gas prices prices. the questions raised today coming up. >>> in san francisco, they worked for a third day on next year's budget with protesters outside. . >> occupy cal protesters are angry over proposed fee hikes, including one for grad students. they agreed to postpone at governor jerry brown's request. officials say the passage of prop 30 eliminated the need for a increase. >> no increase this year. there is nothing on the agenda today about any system wide increase for undergrads. the item with professional degree is put off to a later date. >> during the meeting a dozen protesters started shouting. >> investigators are looking into three suspicious fires set over night and all within a half mile of each other. authorities say they bel
of $15 a barrel oil by 2025. in terms of prices, we're talking about in the environment similar to today's, maybe slightly worse, in order to hit those and provide incentive to hit those will targets and also to dampen demand. that is part of the iaea calculus. you have both the production and demand side. an order for us to even in part a modest amount and get to that point requires a major steps forward in fuel efficiency. host: so who is benefiting the most? guest: the middle east continues to benefit tremendously. opec countries share a global connection forecast to go up -- production forecast to go up to nearly half of world oil supplies. the middle east remains a big beneficiary. the u.s. will be better off in those terms than it would be without this increase will bring production. we will be keeping more money at home. oil makes up about two-thirds of our trade deficit now. that number will decline. oil companies that do very well with higher prices will continue to do very well. host: back to the idea of shale gas. you mentioned some parts of the country where this is happening
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